Treasury is requesting that all TARP Capital Purchase Program participants submit monthly data regarding lending activity. This report is designed to supplement the monthly reports being filed by the largest CPP recipients as well as more detailed analysis to be completed based upon filed Call Reports.
The new CPP Lending Report calls for only three data points: (1) average consumer loans outstanding; (2) average commercial loans outstanding; and (3) total loans outstanding (which should be the sum of the first two data points). Treasury recognizes that the internal reporting capabilities of each institution may vary, and permits institutions to briefly describe how they are reporting each matter. The goal is to maintain the same methodology across time in order to maintain meaningful trend analysis, even if that methodology is different from others.
Reports are due within 30 days of the end of each month, with the first report (for February and March averages) due by April 30, 2009. The Treasury will use the reports only for assessing the effectiveness of the Capital Purcase Program, but the data will be made available, on both an aggregate and institutional level, to the public.